At a time when African nations have become increasingly involved in global affairs, a continent that has long fallen into the periphery of Western policies is looking to capitalize on its vast economic and geopolitical potential to establish itself as a major player on the world stage.
U.S. President Joe Biden talks talks to African Union Commission Chair Moussa Faki and other African leaders during the group photo at the U.S.-Africa Leaders Summit on December 15, 2022 in Washington, D.C.
"What's come out of the long and somewhat complex statement that's been made by the BRICS countries as a result of the summit is a very strong message to the rest of the world," Ichikowitz said,"which is a message that says, 'Pay attention, because we might not be powerful enough to do this now, we might not be sufficiently unified now to do this, but we could be in the future.
Ichikowitz noted a distinct change in the tone adopted by U.S. officials in speaking with their African counterparts. Mikatekiso Kubayi, a researcher at the Institute for Global Dialogue and a research fellow at the Institute for Pan African Thought and Conversation in South Africa, pointed out how, on the eve of the U.S.-Africa Leaders' Summit, the Biden administration announced new sanctions on Zimbabwe.
"These are issues and possibilities that many developing economies have for decades not thought possible," he added,"and now they see a fundamental change in the dynamics of today's geopolitics." But she too noted that"BRICS is far from realizing a full-on revisionist potential because of many challenges that exist within the group," not least of which include the varying economic potentials of its member states, both current and prospective, as well as the fact that most of them remain"deeply enmeshed with the global economy" as it currently stands.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »